Ask The Money Lady

I’m here to help! In todays podcast, I wanted to something a little bit different than usual. Today, I will walk you through how I became Ask The Money Lady, and my hopes and dreams for my youtube channel & podcast! Thank you all so much for your support! SEND ME A QUESTION ON MY WEBSITE HERE: https://askthemoneylady.ca/contact/ Read more free financial advice on my BLOG: https://askthemoneylady.ca/blog/ You can watch this video on my YOUTUBE CHANNEL, Ask the Money Lady: https://www.youtube.com/channel/UCYKKn5tDjGQb3XTex5o8sbg ****************************** WEBSITE: https://askthemoneylady.ca INSTAGRAM: https://www.instagram.com/askthemoney... FACEBOOK: https://www.facebook.com/retiredebtfr... PODCAST: https://anchor.fm/askthemoneyladypodcast BUY THE ASK THE MONEY LADY BOOK! How to Retire Debt Free & Wealthy by Christine Ibbotson https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2

What do you need to do to make sure you can retire as a single person? Oftentimes, retirement is viewed as a couple’s affair. But what can you do to ensure that you can retire debt-free & wealthy, as a single? Check out this week’s podcast to learn more! Read more free financial advice on my BLOG: https://askthemoneylady.ca/blog/ You can watch this episode on my YOUTUBE, Ask the Money Lady: https://www.youtube.com/watch?v=JhevaI0pyRQ&t=27s ****************************** WEBSITE: https://askthemoneylady.ca INSTAGRAM: https://www.instagram.com/askthemoney... FACEBOOK: https://www.facebook.com/retiredebtfr... BUY THE ASK THE MONEY LADY BOOK! How to Retire Debt Free & Wealthy by Christine Ibbotson https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2

Many of you have sent me emails with genuine worry about your retirement portfolios SO TODAY I want to introduce you to an alternative to securities, mutual funds or exchange traded funds (ETFs). We’re going to talk about structured notes? Structured Notes vary in complexity and risk – so I would say there is something here for every type of investor. The reason I like these products is because they are easily available at your retail bank and can give you a much better return than simple GICs. SEND ME A QUESTION ON MY WEBSITE HERE: https://askthemoneylady.ca/contact/ Read more free financial advice on my BLOG: https://askthemoneylady.ca/blog/ You can watch this video on my YOUTUBE CHANNEL, Ask the Money Lady: https://www.youtube.com/channel/UCYKKn5tDjGQb3XTex5o8sbg ****************************** WEBSITE: https://askthemoneylady.ca INSTAGRAM: https://www.instagram.com/askthemoney... FACEBOOK: https://www.facebook.com/retiredebtfr... PODCAST: https://anchor.fm/askthemoneyladypodcast BUY THE ASK THE MONEY LADY BOOK! How to Retire Debt Free & Wealthy by Christine Ibbotson https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2

Watch this video on my YouTube Channel, here: https://www.youtube.com/@askthemoneylady  So the question today is how can you save the down payment needed to buy a home?? Even though house prices are going down with mortgage rates on the rise – a lot of people still can’t buy because they now can’t qualify for a mortgage since the rates are too high. SEND ME A QUESTION ON MY WEBSITE : https://askthemoneylady.ca/contact/ Read more free financial advice on my BLOG: https://askthemoneylady.ca/blog/ TDS/GDS: https://www.cmhc-schl.gc.ca/en/consumers/home-buying/calculators/debt-service-calculator ****************************** Send Christine an email about anything related to your Canadian finances: info@askthemoneylady.com WEBSITE: https://askthemoneylady.ca INSTAGRAM: https://www.instagram.com/askthemoney... FACEBOOK: https://www.facebook.com/retiredebtfr... PODCAST: https://anchor.fm/askthemoneyladypodcast BUY THE ASK THE MONEY LADY BOOK! How to Retire Debt Free & Wealthy by Christine Ibbotson https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2

The question today is: Why do we gamble?     Read more free financial advice on my BLOG: https://askthemoneylady.ca/blog/    Well, every time you hear of a lottery winner you add this to your mind since the outcome appeals to our emotions whether or not the outcome is truly likely. Let’s face it, storing the memories of people retiring comfortably after diligently saving all their lives isn’t a common occurrence. These stories, although you may have heard them in the past aren’t quite as memorable as a story of a lottery winner, or an investor who made millions overnight, or those big winning poker players and gamblers you see on TV. The reality is that it is much easier to recall a local lottery winner. This makes it that much easier for you to imagine what it would be like for you to win; and your brain then assumes that the scenario is not only possible, but probable.  This is why big winners are featured on the news along with all those human-interest, heart-tugging stories. Watching them makes it easier for our brains to think the big payout could ACTUALLY happen to us. Send me an email about anything related to your Canadian finances: info@askthemoneylady.com    WEBSITE: https://askthemoneylady.ca   INSTAGRAM: https://www.instagram.com/askthemoney...   FACEBOOK: https://www.facebook.com/retiredebtfr...   PODCAST: https://anchor.fm/askthemoneyladypodcast    BUY How to Retire Debt Free & Wealthy by Christine Ibbotson   https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2

The question today is: Should you include your pets in your Will or Estate Plan?    There are many people who have pets – cat’s, dogs, even horses or parrots. And most people treat their pets like their children, a member of the family – but what happens if your pet outlives you? Planning for our future is something we all know to do, but we should also consider proper planning for our pets.   Read more about estate planning on my BLOG: https://askthemoneylady.ca/blog/  ******************************   Send Christine an email about anything related to your Canadian finances: info@askthemoneylady.com    WEBSITE: https://askthemoneylady.ca   INSTAGRAM: https://www.instagram.com/askthemoney...   FACEBOOK: https://www.facebook.com/retiredebtfr...   YOUTUBE: https://www.youtube.com/channel/UCYKKn5tDjGQb3XTex5o8sbg/featured BUY THE ASK THE MONEY LADY BOOK!  How to Retire Debt Free & Wealthy by Christine Ibbotson   https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2

The question today is: What are Annuities? Read my BLOG POST ON ANNUITIES for more information: https://askthemoneylady.ca/what-are-annuities/ Read more about what I talked about in this video here: · Annuity Definition: https://www.investopedia.com/terms/a/annuity.asp ****************************** Send Christine an email about anything related to your Canadian finances: info@askthemoneylady.com WEBSITE: https://askthemoneylady.ca INSTAGRAM: https://www.instagram.com/askthemoney... FACEBOOK: https://www.facebook.com/retiredebtfr... BUY THE ASK THE MONEY LADY BOOK! How to Retire Debt Free & Wealthy by Christine Ibbotson https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2

The question today is: Are you worried about the rising lending rates?   Many young homeowners renewing mortgages today may never have seen rates above 5%. So what can you do when you are choosing a mortgage? Listen to this weeks episode to learn about how you can decide whether a fixed or a variable rate mortgage is right for you.  Watch my last YouTube video about Collateral Charges! Collateral Charge video: https://www.youtube.com/watch?v=lJihnOEJayc    OR   You can listen to the video on my podcast, Ask the Money Lady: https://open.spotify.com/episode/1aD3GZtjtjryCOZh2ZY10P?go=1&sp_cid=e138af131a85f49c0d7dbd142c1c2f2d&utm_source=embed_player_p&utm_medium=desktop&nd=1   CHECK OUT MY BLOG for more FREE financial advice: https://askthemoneylady.ca/blog/   Read more about what I talked about in this video here:  • Real Estate Investment Trust (REIT): How They Work and How to Invest: https://www.investopedia.com/terms/r/reit.asp • Canadian Prime Rates: https://wowa.ca/banks/prime-rates-canada   • Simple Interest Definition: Who Benefits, With Formula and Example: https://www.investopedia.com/terms/s/simple_interest.asp    Send Christine an email about anything related to your Canadian finances: info@askthemoneylady.com    WEBSITE: https://askthemoneylady.ca   INSTAGRAM: https://www.instagram.com/askthemoney...   FACEBOOK: https://www.facebook.com/retiredebtfr...    BUY THE ASK THE MONEY LADY BOOK!  How to Retire Debt Free & Wealthy by Christine Ibbotson  https://www.goodreads.com/book/show/49085958-how-to-retire-debt-free-wealthy?from_search=true&from_srp=true&qid=A1OXejEKZ4&rank=2

Todays question is: How do you save your first $50K? There are some basic ways to save regardless of your age. Of course, if you are young and just starting out, adopting the right habits will benefit you immensely, perhaps even for your entire lifetime. Saving must be a conscious decision you make to yourself that requires long-term discipline. Actually, these principles can be applied to anything that is important to you, such as, losing weight, kicking a bad habit, getting your dream job, or of course saving money. In this podcast, I will discuss some ways that you can shift your thinking to be more saving-oriented, so that you CAN save 50k!  Let me know about your experience with options trading, or if you have any questions! Please rate this podcast and follow it for more money tips! Cheers, C Check me out on social media! https://linktr.ee/askthemoneylady ************************ Send Christine an email about anything related to your Canadian finances:  info@askthemoneylady.com

Todays question is: Have you ever considered options trading before?  Many people nowadays do, but it's a good idea to become well versed in the subject before dipping your legs into the stock market waters.  In this episode, I discuss options, forwards, and some tips for successful options trading.   Let me know about your experience with options trading, or if you have any questions!   & please rate this podcast and follow it for more money tips!    Cheers,   C    Check me out on social media! https://linktr.ee/askthemoneylady ************************  Send Christine an email about anything related to your Canadian finances:  info@askthemoneylady.com

Todays question is: What does it cost to die nowadays?  This is a question that I often get, and that I think is a good idea to consider as you age and plan for retirement.  I know quite a few people who have pre-paid for their funerals, and I personally think that this is a great idea.   To give you an idea of what this cost will be, this podcast is for you!   Thanks for listening, and let me know your thoughts are by leaving a review of this podcast.    Cheers,   C    ****************************   Send Christine an email about anything related to your Canadian finances:  info@askthemoneylady.com    https://linktr.ee/askthemoneylady

In this podcast, I discuss what it means to leverage lend in Canada. I discussed the pros and cons, and my thoughts on whether you should leverage lend. As always, let me know what you think by rating this podcast!  Cheers,   C

Ever considered day-trading? I know a lot of people who have!   If you are considering stretching your financial legs in the market, then this is the episode is for you. I discuss 5 tips for you to consider before day trading.    As always, let me know your thoughts by rating this podcast. And feel free to email me your day-trading stories!    Cheers,   C

Have you ever considered getting a reverse mortgage??  I know they sound great in all the commercials, but what does it really mean to get one? In this podcast, the question is: When should you get a reverse mortgage & is it actually worth it?  Listen to this episode to find out!  Cheers,  C

Do you currently have a fixed-rate mortgage on your home? In this podcast, I will talk all about why this is the opposite of what you want, and why you NEED to consider a collateral charge instead.  I will break down what a collateral charge is, how mortgages work in Canada, and what you need to say at the bank to make sure that YOU are the one who is benefitting from you mortgage, and NOT the banks.  I will tell you what you need to ask for depending on what bank you have your mortgage with: Scotia Bank, RBC, BMO, CIBC, or TD.  Let's put the financial power back in your court, so that you can get the most out of your lending products.  Make sure to give this podcast a 5-star rating if you found it helpful, and follow me so you don't miss any upcoming episodes! All the best!! Cheers,  C

Have you ever considered becoming a small-business owner? If so, what's holding you back from doing it?  In this podcast, I talk all about how you can become a successful entrepreneur in Canada, and how you can use the post-pandemic economy to your advantage. I also talk about the differences between male and female entrepreneurs, and the typical age of entrepreneurs in Canada.  Take a listen to find out how you can be a successful entrepreneur!  Cheers,  C

The question today is: Do you pay your bills online the day they are due? ....if so, you may be ruining your future credit !  In this podcast, I really want to give you some tips that you can use to improve your credit or keep the good credit that you have. We will talk about credit bureaus, how to keep you credit score high, what happens when a lender pulls your credit score, retail credit cards,  the relationship between your credit score & your taxes, and MORE.  First and foremost, you want to protect your credit - this podcast episode will give you the tools to do just that! Don't forget to rate this podcast if you enjoyed!  And thank YOU for listening! Cheers,  C

Todays question is: what fixed income products are available in Canada and should you choose them instead of a stock portfolio? There are many fixed income products to choose from with varying degrees of risk and rates of returns. But how do you know which one to invest in.  In this episode, I break down what the 10 Fixed Income Investment products are, including what the basics of investing in GIC's. I also talk about the laddered investment strategy, and why it's a good idea for you to consider in your portfolio.

Are you planning to go back to a 9 to 5, Monday to Friday Job after the Pandemic?  Is your employer pressuring you to come back and stop working from home?  So the question today is – what alternatives do you have? A lot of employers are now putting more pressure on their staff to come in to the office at least 2 or 3 days so our HOME-lap-top class workers are not very happy. The thought of commuting up to two hours a day and working five days a week is now torture especially for those of you who may be closer to retirement. Listen to this weeks episode to learn about some options!  Cheers,  C

With everything happening in the financial markets throughout COVID, it makes complete sense that people are stressed about their portfolio life in volatile times.   In this video, I explain some tips on how to protect your investments during volatility in the market, specifically by using the Barbell Strategy.    Have you tried this method before?? I'd love to hear how it went!    Cheers,  C